Liam Stoker

Solar investor and asset owner NextEnergy Capital (NEC) has completed its first project acquisition in India as it lines up a flurry of investments in Q3 2020.

Two of India’s state-owned fossil fuel companies have launched a joint venture to develop solar PV assets in the country.

French utility Engie has agreed to sell a minority 49% stake in a US-based renewables portfolio containing 500MW of utility-scale solar.

A bill which promises to revamp solar support frameworks and stimulate investment in grids in the US has cleared its first hurdle, passing the House of Representatives.

Solar projects in India with power purchase agreements signed prior to 1 August 2020 will be exempt from steeper customs duties on Chinese component imports, the country’s power minister has confirmed.

German utility E.On has partnered with engineering major thyssenkrupp to plug large-scale hydrogen electrolysis plants into Germany’s grid using a renewables-backed virtual power plant (VPP).

Module manufacturer Trina Solar has sold around 1GW of solar PV projects to a newly-launched asset management vehicle, dubbed Matrix Renewables.

Spain’s Solarpack and Italy’s Enel are amongst the winners of Solar Energy Corporation of India’s (SECI) latest utility-scale solar tender, which has tempted record-low bids from parties involved.

An increasing number of banks are turning away from fossil fuels and towards renewable energy financing. As Catherine Early reports, despite the chilling effect of the coronavirus pandemic on the industry, hopes are high that a tipping point is nearing.

A round-up of recent developments in the US solar market, including news of Vivint Solar sealing US$300 million of tax equity commitments and Bank of America signing a solar PPA in Texas.